MES Asian Session Range Breakouts and Mean-Reversion Fades

Summary

This MES strategy builds a price range during the first half hour of its configured evening session, then trades until the session ends. It rejects ranges outside a minimum and maximum size. A breakout entry requires a close beyond the range plus a buffer, an RSI threshold, sufficient volume, and alignment with an optional higher-timeframe EMA bias. A fade entry looks for price to test a range extreme and close back inside, with RSI and the same bias filter supporting a return toward the midpoint.

Stops combine a range-based level with an ATR-based distance, using the wider of the two. Fades target the midpoint; breakouts set a target using a configurable reward-to-risk ratio. The script limits trades per session and displays status information. The document provides code and parameters, but no performance results or independent validation. Its time settings, indicator thresholds, and execution assumptions need evaluation for the instrument, chart timeframe, and trading costs in use.

Key ideas

• The strategy locks the high and low of an evening opening range before considering trades.
• Breakouts require a buffered close outside the range with momentum, volume, and optional higher-timeframe confirmation.
• Mean-reversion entries fade a tested range extreme after price closes back inside it.
• ATR and range levels inform stops, while fades target the midpoint and breakouts use a reward-to-risk target.
• The script caps entries per session but offers no evidence that its default settings are profitable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.